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Retire the Mortgage

When our newly expanded building was finished in 2021, we took a $300,000 mortgage to cover the remaining construction costs. Our goal is to retire this debt as soon as possible so Seaside's funds can go toward programming that benefits all of us, rather than to interest payments. 

You can support this effort by sending a check, charging your gift, transferring appreciated stock, or making a gift directly from your retirement plan RMD.

Giving Through Your RMD - Take Advantage Of A Great Tax Break

If you are required to take a Required Minimum Distribution (RMD) from your tax deferred savings account, you can potentially reduce your taxable income and help Seaside retire the mortgage at the same time. Ask your accountant, financial advisor, or brokerage company whether you can direct all or part of your RMD to be sent directly to Seaside.  When done properly, your gift can be excluded from your taxable income, yet fulfill your RMD requirement.

 Your account manager will need the following information:

  • Seaside Jewish Community is a 501(c)(3) nonprofit organization
  • Donations are tax-deductible to the fullest extent of the law
  • The tax ID number is 52-2060467
  • Checks should be made payable to Seaside Jewish Community and mailed to PO Box 1472, Rehoboth Beach, DE 19971
  • If your account manager is planning a wire transfer, please contact Seaside Treasurer Howie Hochman for the account number and routing information.

[Please note: nothing in this announcement should be construed as legal or tax advice.  Always consult an attorney or tax professional before implementing any of the above actions.]

 

 

                      

                 Click here to help retire the mortgage 

Mon, May 23 2022 22 Iyyar 5782